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What is registered rent agreement?

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Rent Agreement
0 2021-07-13T17:06:52+00:00
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Rent agreement is a legal document that holds the information of rent that the tenant is required to pay. It is mandatory to register the rent agreement before moving in any property for the tenant and for the owner. There is a certain amount which must be paid to register a rent agreement. Now the question arises what is a registered rent agreement cost. What is registered rent agreement  As per Registration Act, 1908 any agreement which is longer than a year that rent agreement requires registration at the sub registrar office.  How to register rent agreement 
  • Visit the registrar office for rent agreement registration.
  • For rent agreement registration both parties should be present at the sub registrar office.
  • Then both the p[arties are required to sign the agreement deed.
Registered rent agreement cost  3 percent stamp duty is levied on properties leased for the properties which are leased for more than 5 years. The registration cost depend as per the location and the amount of rent  Hope you find this answer useful and your query is resolved about what the registered rent agreement cost by reading this answer.  For More Information Avail NoBroker Legal service 
0 2022-03-17T18:51:29+00:00
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The agreement which is printed on stamp paper with all the necessary details related to renting a property is what is registered rent agreement. The registration of sale agreement and rental agreement is similar. The rent agreement is a contract between the landowner and the tenant.

What is registered rent agreement in India?

Generally, a rental agreement has all the details such as:
  • Information of tenant and landlord
  • Duration of Tenancy
  • Rental and Premium Charges
  • Maintenance Charges
  • Payment of Bills and other charges
  • Notice Period
  • Lock-in Period
  • List of fixtures
  • Limits on sub-letting
  • Alternation of premises
  • Activities that are prohibited
  • Signatures and Registration
  • Mode of Payment
  • Rental Period
  • Lease Period
For registration of rent agreement you will require documents such as:
  • Address Proof landlord and Tenant which includes Photocopy of passport, Aadhar, driving licence, etc.
  • Identity Proof such as PAN or Aadhar Card
  • Copy of title deed is required from the owner of the property to establish the ownership details.
  • Tax receipt
  • Two passport-sized photographs of the tenant and the landlord.
Rent agreements are signed between the landlord and the tenant for a minimum of 12 months. To avoid any miscommunication or discrepancies both the landlord and the tenant must register a rental agreement.

How to register rental agreement online?

Now, you can visit the sub-registrar office to register the rental agreement, or you can do it online. I feel the online process is easier. I needed to relocate to Bangalore and I was able to register a rental agreement using NoBroker rental agreement services and the process was seamless. I just needed to fill in the details and submit the required documents online. Afterwards, NoBroker printed the details and the agreement on a legal stamp paper. They were kind enough to deliver the agreement to my place.  Try NoBroker rent agreement services and register your rent agreement online at the lowest price! Check out now. This was all about what is registered rent agreement in India in a nutshell. I hope you find this helpful. Read more: What Documents Are Required For Rental Agreement? What Is The Difference Between A Notarized Agreement And A Registered Agreement In A House Rental Deal?

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